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2) Stone company budgets manufacturing overhead costs to be $132,000 and machine hours to be 30,000 for the year 2023 . The actual manufacturing overhead
2) Stone company budgets manufacturing overhead costs to be $132,000 and machine hours to be 30,000 for the year 2023 . The actual manufacturing overhead costs were $146,800 and the actual machine hours were 33,000 for the year 2023. Machine hour is the allocation base for allocating manufacturing overhead costs. The company has the following balances (before end of year adjustments) as at the year ended June 30,2023 All manufacturing overhead variances are written-off to cost of goods sold at the end of year June 30 , 2023. Assume that the company uses normal costing. What is the ending cost of goods sold balance after adjustments for over- or under-allocated overhead? (Do not round any intermediary calculations. Round the final answer to the nearest dollar.) a. $230,800 b. $232,400 c. $234,000 d. $198,300
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